TrendBow fails to provide ownership or executive information on its website.

TrendBow’s website domain (“trendbow.com”), was privately registered on July 5th, 2023.

As of June 2024, SimilarWeb tracked top sources of traffic to TrendBow’s website as the Dominican Republic (23%), Russia (22%), Germany (20%) and Ukraine (6%).

While not definitive, whoever is running TrendBow probably has ties to one of those countries.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

TRX Money fails to provide ownership or executive information on its website.

TRX Money has two known website domains; “trx.money” and “trx.plus”. Both domains were privately registered on July 15th, 2024.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

HedgeCircuit fails to provide ownership or executive information on its website.

HedgeCircuit’s website domain (“hedgecircuit.com”), was privately registered on February 4th, 2024.

Despite only existing for a few months, on its website HedgeCircuit falsely claims it was “founded in 2022” and has “10 years consulting experience”.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

AI Make USDT fails to provide ownership or executive information on its website.

AI Make USDT’s website domain (“aimakeusdt.net”), was registered with bogus details on July 11th, 2024.

Of note is AI Make USDT’s website domain being registered through the Chinese registrar Alibaba (Singapore).

AI Make USDT has already attracted the attention of financial regulators. The Central Bank of Russia issued an AI Make USDT pyramid fraud warning on July 23rd, 2024.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

WesFamer Crypto fails to provide ownership or executive information on their website.

WesFamer Crypto’s website domain (“wesfamer-crypto.net”), was first registered in June 2022. The private registration was last updated on June 1st, 2024.

In an attempt to appear legitimate, WesFamer Crypto claims it’s “a private company incorporated in Australia”.

A search on the Australian government’s website reveals no company bearing the name WesFamer Crypto exists.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

AI Gemini VIP fails to provide ownership or executive information on its website.

AI Gemini VIP’s website domain (“ai-gemini.vip”), was registered with bogus details on July 16th, 2024.

Of note is AI Gemini VIP’s website domain being registered through the Chinese registrar Alibaba (Singapore).

AI Gemini VIP has already attracted the attention of financial regulators. The Central Bank of Russia issued a AI Gemini VIP pyramid fraud warning on July 22nd, 2024.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

Nimble Finance outright provides false executive information on its website.

Characterized as founder, and CFO of Nimble Finance are My Daily Choice co-founders Josh and Jenna Zwagil.

Neither My Daily Choice, Josh or Jenna Zwagil have anything to do with Nimble Finance.

Nimble Finance’s website domain (“nimble-finance.org”), was registered with bogus details on October 15th, 2023.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

GQL Quantify fails to provide ownership or executive information on its website.

GQL Quantify operates from three known website domains:

1. gqlquantify.com – privately registered on February 5th, 2024 (already abandoned)
2. gqlvip.top – privately registered on June 11th, 2024
3. gql.top – privately registered on June 12th, 2024

In an attempt to appear legitimate, GQL Quantify provides a Hong Kong shell company certificate for “HongKong Binance Global Co. Limited”.

Assuming the certificate isn’t doctored, Binance has nothing to do with GQL Quantify. Either way, for the purpose of MLM due-diligence the certificate is meaningless.

Despite only existing for a few months, on its website GQL Quantify falsely claims it “was established in Hong Kong in 2017”.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

Real Construction fails to provide ownership or executive information on its website.

Real Construction’s website domain (“realconstruction.vip”), was privately registered on April 22nd, 2024.

In an attempt to appear legitimate, Real Construction provides a shell company certificate for RealConstruction Engineering Group LTD.

Real Construction Engineering Group LTD was registered in the UK on April 28th, 2024.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

Of note is Real Construction already attracting the attention of financial regulators. The Central Bank of Russia issued a Real Construction pyramid fraud warning on July 15th, 2024.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

A July 23rd court order has approved a proposed plan of distribution filed by the Traffic Monsoon Receiver.

Unfortunately there is still no timeline for distribution payments to Traffic Monsoon victims with allowed claims. [Continue reading…]